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The Abiola Ajimobi I knew | By Adeolu Akande

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Senator Abiola Ajimobi went the way of all flesh on June 25, 2020. I had the privilege of serving as Chief of Staff to Governor Ajimobi in the first half of his first term in office. I parted ways with him politically some years ago.

Nevertheless, I feel obliged to record my knowledge of him for posterity.

I met Senator Ajimobi for the first time in 2006. I was involved in a project to develop a blueprint for the development of Nigeria, and I was detailed to invite Senator Ajimobi who was then the Chairman of Senate Committee on Environment to speak on the subject. We related briefly again shortly after at the formation of the Advanced Congress of Democrats (ACD) before he finally opted to contest the 2007 gubernatorial election on the platform of the All Nigeria Peoples Party (ANPP). In 2009, we worked more closely as he struggled to reclaim the mandate he believed he won in the 2007 election. We met virtually every evening in Abuja and threw our contacts into the effort to reclaim the mandate. Expectedly, some of the meetings segued into a discussion about the path to the development of Oyo State, and there was absolutely no doubt that he was prepared to give the state a different paradigm of leadership. The quest for the mandate also brought out his innate qualities as an organiser and a believer in probity.

I recall a particular incident. One of the associates in the effort to reclaim the mandate had introduced Senator Ajimobi to a prominent Nigerian. At the meeting held in the Abuja residence of the businessman, he left no one in doubt of his capacity to deliver on the project as he made telephone calls to some individuals who were to play a critical role in the determination of the matter. But this was to be at a cost. Ajimobi was to sign an Irrevocable Standing Order for the deduction of N1.5 Billion from the monthly federal allocation to the state for one year as fee for the service. Even with the almost absolute assurance that he would become the Governor, he declined. As we drove out of the Asokoro residence of the highly connected businessman, one of those in the backseat of the car exasperatingly wondered aloud “is this man (Ajimobi) ok?. It was later that I realised that Ajimobi heard the offensive comment but chose to ignore it. “Is this how they govern Nigeria?,” he repeatedly asked as he told the contact who took us to the businessman that he would never sign off the money of the state to become the Governor. When we returned home to review the meeting, he insisted that although he craved the office of Governor, he would not sign off the resources of the state to satisfy his ambition. He recalled how he was one of the very few senators who rejected the N50 Million offer to amend the constitution to remove the tenure limit on the office of the president in 2006 and how much he knew his father would be proud of him in his grave.

It was judgement day in 2009. We crowded into the living room of one of his supporters to watch the television broadcast of the judgement of the Court of Appeal, which was the final court in gubernatorial disputes at the time. There was a power outage, and we hurriedly headed to the residence of another of Ajimobi’s supporters, on the other side of Abuja. Within five minutes of the commencement of the judgement, it was evident that we had lost the case. It was a deeply humbling and disconcerting experience to see adults crying and howling as the reality dawned on all of us. Down the drain went the ambitions and aspirations of many of us who were already occupying positions in the imaginary government. The only person who remained calm was Ajimobi as he joked about the contorted mouths of crying adults. He cheered us up with jokes and assurances that we lost because it was not yet God’s time for him to be Governor.

At the next meeting of the group, he came with his diary and his notes on why he thought we lost the case. He shared his ideas about what we needed to begin to do in earnest if we were going to win in the next election. I recall that the most important of the factors were the choice of political party and funds for political engagement. He argued that if he had contested on the platform of either of the biggest parties of the time, the PDP and AC, he would have either won at the polls or successfully reclaimed his mandate in the court. He went to work immediately and got himself on the ticket of the Action Congress (AC) for the 2011 gubernatorial election. He never considered the Peoples Democratic Party(PDP) at any point in his political career because he said his father, as a progressive, will never forgive him if he joined the PDP, which he regarded as a conservative party.

ELECTION AND THE FORMATION OF THE AJUMOSE GOVERNMENT

Ajimobi’s prognosis of the 2011 elections was correct with prophetic exactitude. He was a very strategic person. He put together the building blocks of his plans years ahead of the destination. He won the election and went on to form his government. I worked with him closely in the weeks leading to the election. He was a man committed to endless meetings. He resumed at every meeting with his diary full of notes from interactions with politicians and power brokers in the state and as I later found out, his nightly reflections. He was never shy of revisiting issues and changing his position in the face of superior logic. He was good at defining problems and proffering solutions. “You can solve any problem if you define it accurately. If need be, you only need to re-context the problem”, he would say.

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He interviewed many people for the principal offices in his government, notably those of Secretary to the Government, Chief of Staff, Head of Service, Commissioner for Finance, Attorney General and Commissioner for Justice, Commissioner for Works and Commissioner for Education, among others. I sat in on some of the meetings as I played the role of coordinator of the nascent Governor’s Office in his Oluyole Estate residence. For each of the offices, he had defined the roles he would assign to them and the personal qualities he wanted in the appointees. For the appointment of Commissioners, Special Advisers and Senior Special Assistants, he requested the party at the local government level to make nominations into a pool from which he filled the offices. He ended up with over 1000 Curricula Vitae to scrutinise to fill those offices. I recall that on the deadline he set for himself on the appointment of commissioners, we worked in the office till 5.30 a.m. He made telephone calls to some nominees in those early hours to make clarifications on their CVs. Many of the successful nominees made the list because the Governor was impressed that they could make coherent clarifications in those hours of the day, where many others didn’t pick their calls or had switched off their phones. In one particular instance, he changed his choice for an office because someone unknown to him had presented an incredibly intimidating CV. At about 3 a.m., he put a call to the nominee and the nominee unexpectedly picked his call. The Governor introduced himself and sought clarification on some of the claims in the CV. Then he asked him why he was awake at that hour of the day, and the nominee responded that he had a deadline to meet in another two days but preferred to complete his task ahead of time. He offered him the post immediately. When we reminded him that he had rejected some other nominees because he claimed to have made up his mind on someone for that office, which was truly critical to his priorities, he retorted “Kama paro fun’rawa, CV eyan wa o da to eleyi, A ma wa nkan mi fun. (Don’t let us deceive ourselves; the CV of my preferred candidate is not as good as that of this person. We will give our candidate something else.”)

He ended up with an outstanding cabinet and one of the most resourceful teams I have ever worked with. Cabinet meetings were always very engaging, and members had to work hard on their papers before coming into the chambers for presentation. He introduced many members to PowerPoint and the rudiments of high-level presentations. He abhorred mediocrity and ruffled the feathers of some members with his blunt and brutal assessments. When the exigencies of politics made it ill-advised to remove some commissioners, he introduced the committee system to carry out some assignment which he felt one or two members of the cabinet could not successfully carry out.

He came into government with a clear vision to return Oyo State to her previous position as a major economic player in the Nigerian federation. To accomplish this, his priorities were security, infrastructure development, functional free education and revitalisation of agriculture with emphasis on large-scale commercial farming driven by the private sector. He set up a policy advisory council with members drawn from the academia and the private sector. He prioritised the Ibadan Circular Road that was initiated by Governor Rasidi Ladoja and sought to execute it in a modular form beginning from the Lagos-Ibadan

Express Road /Ibadan-Ife Road axis. It was to be executed by a private investor, and the proceeds from the toll collection would be deployed to develop the second half of the project. He planned to open up the state through the dualisation of entry- points to the state capital and major towns in the state. He placed the establishment of a technical university on the same pedestal and envisioned the resolution of the crisis between Osun and Oyo States on the ownership of Ladoke Akintola University. He was part of the initiative to make Asiwaju Bola Tinubu the Chancellor of the University believing that being the political leader of the incumbent governors of both states, he could authoritatively help resolve the crisis on the matter.

HIS WORK ETHIC

He was a hard taskmaster who expected everyone to work at his speed and with the same attention to detail. He worked late into the night. He came to the office about 9 a.m. and hardly left before midnight to consult with critical stakeholders in the state on issues under consideration or resume his daily nightly meetings at the Government House. What many regarded as one of his shortcomings early in the administration was his preference for endless meetings. Ajimobi would schedule meetings with different groups on the same matter even when commissioners felt the issues were not as complex as to warrant so many meetings. He always argued that the essence of such meetings was not only to arrive at a consensus but to let the people know that government decisions were taken after due consultation. He had an incredible energy for meetings and an equally incredible intellect to synthesize diverse and divergent outcomes of such meetings.

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He was an avid reader. His experience at Shell Petroleum exposed him to many specialties, and he complemented the knowledge by reading wide. He would take his time to read on any subject under the consideration of government and was never shy of asking for the guidance of those he believed were knowledgeable in the field. Even before commissioners at cabinet meetings, he would place calls to governors in other states who had tackled the problems before and ask them how they handled such situations. In many instances, he dispatched his commissioners and top officials to other states to understudy how certain programmes were executed. I recall when we attended the launch of the OponImo project in Osun State. He expressed his displeasure and agony sitting through such a laudable programme while he would have preferred to host the other states as the initiator of such a project. “Anyway, if you cannot initiate such a programme, you should at the minimum be able to replicate it. At least, let us know we are paying you for something”, he charged openly at his commissioners in the Coaster bus taking members of the cabinet back to Ibadan from the Osun State capital. He sent his commissioner and top officials to Lagos State to understudy town planning and housing estate development. He led a delegation to Rivers and Imo States to understudy certain programmes of the states. He asked his commissioners to replicate and improve upon the initiative on the management of the property ownership in Ogun State among many others. Beyond Governors, he was always in constant touch with critical stakeholders in decision making. He never shied away from contacting people with requisite academic and professional experience to guide his thoughts on any matter he was contemplating. One of such people that he was always in contact with was the late Alhaji Arisekola Alao, the highly influential Aare Musulumi of Yorubaland. We visited his Oluwo Nla residence regularly at night where the Governor had scheduled meetings with prominent traditional rulers and indigenes of the state on contentious issues before the government.

HIS CAPACITY TO SAY “NO”

One major attribute of Ajimobi was his ability to look many prominent people in the eye and say “No” to their requests. His argument was always that he would be shortchanging the people of the state if he acceded to many of such requests, which he considered self-serving. I recall when some elders visited him in the Governor’s Office with what they called an “urgent and important message”. The message was that Ibadan people were not happy with his government over certain issues, which they outlined. “Who are the Ibadan people that are angry?” he asked them in Yoruba language and before they could answer, he continued,” I am an Ibadan man and I am not angry with the government”. He dismissed their requests, which he said were disguised in the garb of Ibadan interest whereas they were purely personal. On one other occasion, in the aftermath of the sacking of some civil servants who were indicted for falsifying their academic and birth certificates, some elders came to complain that majority of those sacked were from Ibadan. He looked at them for a moment and replied: “Baba, you know that majority of the civil servants are from Ibadan, and by law of proportion, they will form a larger percentage of those we are sacking especially if the same proportion is reflected in the number of those who committed the offence.

Besides, I’m sorry to ask, Baba, did they get the approval of Ibadan people before they falsified their certificates?Once,when some elders from the Oke Ogun area of the state met the governor about the underdevelopment of the area, he told them that there were some areas in Ibadan that were so underdeveloped that they would need 50 years of government attention to attain the same level of development in parts of Oke Ogun. It was not unusual to witness the Governor half prostrating for elders but yet affirming his rejection of their request at the same time. “E ma binu sir. Ko seese sir” (Don’t be angry sir, I cannot accede to your request, sir), he would say as he would repeatedly bow to the elders.

HIS GIFT OF THE GAB

Ajimobi had a facility for words. This was one of his strongest strengths. As Chief of Staff, it was my responsibility to prepare his Talking Points ahead of any major public appearance, where we reckoned that a formal speech was not necessary or when he so directed. I did this in concert with the relevant ministry or government agency and the duo of the Special Assistant (Media and Publicity), Dr Festus Adedayo and Senior Special Assistant (Public Affairs), Mr Toye Arulogun. The Governor would go through such notes shortly before stepping out of his office for the event if within the Government Secretariat or in his car while driving to the event. Every single time, he would leave us wondering whether he had previous knowledge of the event and had done extensive research on the subject. He would recall relevant life experiences, throw in related jokes and pass innuendos about some of the important dignitaries in the audience and then delve into the subject with the depth and dexterity of an expert in that field.

Ajimobi was a faithful student of Thomas Huxley, the 19th century English biologist famous for his maxim: “Learn something about everything and everything about something”

HIS UBIQUITOUS AGBADA

Ajimobi was a sartorialist. He was always impeccably dressed and eager to regale in the quality of his appearance. He tutored me on the importance of always having a cap on caftan each time I adorn one. He was always blunt to chastise a government official who appeared shabilly and once looked into the eye of a top official and asked him if he had just finished a bowl of fish. “ It is most appropriate to make utterances after a bowl of fish because you will leave the whole environment smelling”, he mildly complained when the official answered in affirmation. I remember many occasions when the Governor was reminded in the wee hours of the day to change from his flowing Agbada, and he would respond that he needed the Agbada to look good for his meetings, even at 3 a.m! He was always conscious of his stature and the need to look good at all times. “I have a small stature, and I am always the smallest in every gathering. What has helped me is my intellect and hard work”, he would say. He cared about his image and treated the media with particular respect. Although his automatic response to any request for money was a frowning “No”, he was always ready to accommodate requests of the media department and was regularly available to play role of a good host to visiting journalists to the state.

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HIS JOKES

Ajimobi was a natural raconteur. He enjoyed jokes and always had bubbling belly laughs at good jokes. He equally liked to unwind after a hectic day. “Let us share a bottle of wine”, he would begin a process that could lead to hours of debates, controversies and brainstorming. He would have a good laugh when a guest or a cabinet member didn’t know what glass to use for which drink. “This is because you worked with …B and Sons (he would insert the name of an indigenous company in Ibadan to provoke protests from Ibadan businessmen in attendance). He would throw jabs at guests who became loose-tongued after a few glasses of wine. He would teach a guest which cutlery to use for which food, revealing how he had to learn all of this while he worked with Shell Petroleum.” I didn’t work with B and Sons..”, provoking another round of protest from indigenous Ibadan businessmen in attendance and the Governor would burst into hilarious laughter. He was good at putting people at ease. He would throw banter at the dress sense of officials, helping them to adorn the dress appropriately, regaling his audience how Mr Akanbi, his boss at National Oil, taught him the same lesson.

His sparring partner in many of his jokes was his wife whom he adoringly called “Florie”. Once in the early days of the administration, he returned home and surged forward to give his wife, who had come to the doorstep to receive him, a kiss. She walked away as if embarrassed by the gesture in the presence of aides in tow of the governor and the Governor retorted,” you mean you want to reject an executive kiss?; How many women have the privilege of being kissed by a governor”. The wife said he was right and officials who were in the Governor’s tow looked away, not knowing whether the kiss took place or not…

He had two favourite jokes. The first was about his wife setting up a motherless babies home. He always recalled telling his wife that while he appreciated the philanthropy behind the gesture, he had advised her to let him procreate the babies while she took care of them. “At least we will know their father if we don’t know their mothers!”, he would say to a bemused look from the wife.

His other favourite joke was about an armed robbery operation. The robbers had invaded a house, and the leader of the gang took instant notice of an expensive necklace on the lady of the house. At the end of the operation, the gang leader took an inventory of their loot but could not find the expensive necklace. He confronted the lady and she pointed at the member of the gang who yanked the necklace off her neck. They searched the culprit and found the necklace on him. In anger, the gang leader charged at him: “Awa wa sise, iwo wa jale!” (What impudence! We came here to work, and you are here stealing!).

Like every mortal, Governor Ajimobi had his flaws and weaknesses. May God forgive his sins, admit him to Al-jannah Firdaus and grant the family the fortitude to bear the irreparable loss.

 

 

Professor Akande, chairman of the board of commissioners of the Nigerian Communications Commission (NCC), was chief of staff to Governor Ajimobi between June 2011 and September 2013.

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OYO101: ADELABU— When will this generational ‘UP NEPA’ chant stop?| By Muftau Gbadegesin

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The Minister of Power, Oloye Bayo Adelabu, has apologized for lashing out at Nigerians over poor energy management.

I hope Nigerians, especially our people from Oyo state, forgive and overlook his Freudian slip. Given that apology, I believe the minister has realized his mistakes and will subsequently act accordingly. In days that followed the minister’s vituperation, many otherwise cool-headed and easy-going observers quickly joined the band of critics and cynics. By the way, what BAND do you think those critics belonged to?

Plus, how best do you describe kicking someone who is down already? The flurry of condemnation that followed Oloye Adelabu’s ‘AC-Freezer’ sermon must have surprised and shocked him. Instead of sticking to his prepared speech, he decided to dash off by telling Nigerians some home truth. Quite amusingly, the truth, it turns out, is not the truth Nigerians want to hear. And as they say, ‘There is your truth, my truth, and the Truth.’ The fact is that Nigerians are angry at many things, the sudden hike in electricity tariff being one.

Perhaps the Minister’s press conference, an avenue to calm fraying nerves and address critical issues, quickly congealed into an arena for an intellectual dogfight – if you watch the video, you will hear the murmur that rented the air the moment that terse statement was uttered. While some influencers tried to downplay the minister’s jibe, they were instead flogged in their whitewashing game. Frankly, I am not interested in the minister and the energy management brouhaha. What I am indeed interested in is what the ministry and minister are doing to restore light in a country where darkness has permeated much of its landscape – don’t mind the confusion the minister and the ministry have created to disrupt the conversation around that vital sector of the economy.

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‘Up NEPA’, Lol

Trust Nigerians. When the defunct National Electric Power Authority failed to end the perennial and persistent darkness in the country, it was ironically dubbed ‘Never Expect Power Always.’ And when the company morphed into PHCN, Nigerians berated the name change, saying the company would hold more power than it would release. True to that assumption, PHCN indeed held more power than it gave to the people.

Then, in 2013, Nigerians woke up to the news of DISCOs, GENCOS, GASCOs, and so on. DISCOs for distribution companies, GENCOs for generating companies, and Gascos for gas suppliers. Of all these critical value chains, only DISCOs were handed down to private enterprises. Think of IBEDC, AEDC, IEDC, BEDC, etc. Unfortunately, the privatization of the distribution chain hasn’t transformed the sector’s fortune for good. More interested in the money but less motivated to do the dirty work of revamping the infrastructure.

Like a typical Nigerian in a ‘band E’ environment, I grew up chanting the ‘Up NEPA’ mantra whenever power is restored at home – and I am not alone in this mass choir. As a rural boy, the ‘Up NEPA’ chant is etched into our skulls from time immemorial. Sometimes, you can’t even tell when you start to join the chorus; you only know that you say it automatically and auto-magisterially. Many years down the lane, the persistent power cuts, blackouts, and grid collapses have worsened. And under Minister Adelabu, power supply, based on my little experience, has never reached this depressing point in history.

As a content creator, I can tell you Oloye Adelabu may likely go down in history as the most inconsequential minister of power unless something drastic is done to restore people’s confidence and bring about a steady, stable, frequent, and regular power supply. You may have seen on social media how most Nigerians who migrated abroad often find it difficult to shed that ‘Up NEPA’ chant from themselves once a power cut is fixed in those countries. Like the rest of their countrymen, they have internalized that mantra. Only after they’ve acclimatized to their new environment would they become healed of that verbal virus ultimately.

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‘Adelabu, end this chant’

This is a challenge. In my column welcoming Oloye Adelabu into the critical ministry of power, I asked a rhetorical question: Can Adelabu end the penkelemesi in the power sector? In Nigeria, is there any other economic sector troubled by multidimensional and multifaceted peculiar messes than the power sector? Adelabu’s grandfather, Adegoke Adelabu, was nicknamed Penkelemesi. History has it that the colonial masters, tired of that Ibadan politician, decided to describe him in the punchiest way possible: a peculiar mess. Quickly, a peculiar mess spread across like wildfire: the white men have described Adegoke as a peculiar mess. Translated to Yoruba, we have Penkelemesi. In retrospect, the minister must have realized the situation he met on the ground is better than what is obtainable now. He needs to own up, chin up, and take full responsibility for this total blackout.

‘Minister Fashola’

Babatunde Fashola, SAN is a clever man. For four years as minister of power, he avoided cutting controversy. But long before he was appointed, he had stirred quite an expectation around fixing the rot in the sector. He had jokingly said his party, the APC, would resolve the crisis of perennial blackout in one fell swoop. He categorically gave a timeline of when Nigerians in the cities and villages will start to enjoy regular power supply: six months. After four years of setbacks, Minister Fashola was forced to eat his vomit: the power crisis in Nigeria is deep-seated and chaotic. Oloye Adelabu has made more enemies than friends in less than a year. The minister may survey his performance among Nigerians to test this hypothesis. The truth is the truth. The mismatch between the minister’s area of competence and his assigned portfolio hasn’t helped matters as well. And this is a cavity many of his critics and traducers are banking on.

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For the first time in decades, Adelabu stands on the threshold of history: will he end this generational ‘UP NEPA’ chant once and for all? Time will tell.

OYO101 is Muftau Gbadegesin’s opinion about issues affecting the Oyo state. He can be reached via @muftaugbade on X, muftaugbadegesin@gmail.com, and 09065176850.

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Yahaya Bello: Do we need to prosecute ex-govs?

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I followed the drama of unimaginable scenes that unfolded in Abuja last week, as the Economic and Financial Crimes Commission(EFCC) moved to arrest and arraign the immediate past governor of Kogi State, Alhaji Yahaya Bello, in respect of alleged mismanagement of funds. I called it a drama of unimaginable scenes because the EFCC had laid siege to the house since very early in the day, knowing that its target, the “White Lion of Kogi State” was holed up somewhere in the compound.

But before the very eyes of the EFCC operatives, the man they had waited all day to catch, just slipped off their hands effortlessly. They claimed that he was rescued by his cousin, the incumbent governor of the state, Usman Ododo, who is protected by constitutional immunity. But EFCC lawyers would claim that Section 12 of the Administration of Criminal Justice Act (ACJA) empowers the body to break into houses to effect arrest.

Maybe that’s a story for another day. But it was surprising they didn’t think of that option. Bello was said to have stayed put in the Government House Lokoja since indication emerged that the EFCC was on his trail. So the easiest thing for the Kogi governor to do was to drive into the troubled house and then fish out a troubled cousin.

The Yahaya Bello saga is just the latest drama between the EFCC and former governors. Some time ago, we witnessed the Ayo Fayose drama. The former Ekiti State governor, whom EFCC was unable to arrest while in office put up some drama when he arrived at EFCC’s office wearing a branded ‘T’ shirt with the inscription: “EFCC I’m here.” Some of his loyalists helped him with things he needed to use in the EFCC detention.

Aside from that, we have also witnessed the Willie Obiano saga. The former governor of Anambra State was accused of misappropriating the state’s funds and has since been taken to court. Immediately after handing over the reins of power in Awka, the man had planned to jet out of the country but had to be stopped as EFCC operatives grabbed him at that exit point. We were also witnesses to the back and forth between the former Governor Abdulaziz Yari of Zamfara State and the EFCC. The commission had accused Yari of mismanaging billions of Naira and moved to arraign him.

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There were accusations and counter-accusations until Yari landed in the Senate, and things became quiet. The drama between the ex-Imo State governor, Rochas Okorocha, was interesting while it lasted. The commission had laid siege to the residence and eventually entered through the roof. We saw a terrified Okorocha and his household, praying fervently for God’s intervention as operatives jumped in to grab their suspect.

The list I have above is by no means exhaustive of the dramatic exchanges between the EFCC and some former governors accused of one financial misdeed or the other in recent years. One thing is, however, common to all the cases, after the the initial bubbles, the whole thing dies down as the retreating waves. Next to nothing is heard of the cases as the neck-breaking snail-speed of the nation’s judicial system takes over. Year after year, it is about one injunction or the other. Many of the accused had gone ahead to seek elective posts and won, many others have taken appointments and the law cannot stop them from utilising the benefits of the allegedly looted resources to gain an advantage since our laws presume individuals innocent until proven guilty.

The books of the EFCC and the Independent Corrupt Practices and Other Related Offences Commission (ICPCC) are full of such individuals who have allegations of hundreds of billions of Naira hanging on their necks. Many of them are busy swinging the official chairs in government offices as we speak. God forbid, one of such should, gain control of the nation’s presidency one day!

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Well, to forestall such a scary development, I think we need an antidote to these endless anti-corruption trials. The endless trial is not just a drain on the energy of the lady justice. It drills a gaping hole in the state’s resources as well. Imagine the legal charges the state incurs in taking several cases through the layers of courts. It is also possible some of the accused, who are innocent of the accusation could die in the process of trials and thus carry an unnecessary burden of guilt (at least in the eyes of the public) into their graves. The late governor of Oyo State, Otunba Adebayo Alao-Akala was able to win his case against the EFCC after 13 years, he died not long after the ‘not guilty’ verdict was pronounced. Former President of the Senate, Adolphus Wabara was also on the bribe-for-budget case preferred against him for more than ten years. Luckily, he was alive to receive his ‘not guilty’ verdict as well. Some may not be that lucky.

To stem this tide of seemingly endless trials of politically exposed persons, I want to suggest amendments to the EFCC and ICPC Acts to lay much premium on thorough and discreet probes of financial crimes rather than dump the results of the investigations in the court, the suspects should be called in and shown the traces of the illegally taken funds and their destinations. If the suspect is ready to refund at least two-thirds of the stolen funds to the coffers of the government, the agency involved, under the supervision of a competent court, could sign an irrevocable non-disclosure agreement and collect the funds into a special basket created for that purpose and which will be used for infrastructural development.

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Such an agreement should also take care of any possible penchant for grandstanding by any politician who could mount the podium one day and claim never to have been indicted of financial crimes. As much as the government would not waste time and resources prosecuting him or her, he should also be barred from active politics and playing godfather roles. If we do this, we will not only save time and resources, but we will get back a sizeable amount of the looted funds into government coffers for developmental purposes.

By Taiwo Adisa

This piece was first Published By Sunday Tribune, April 21, 2024.

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Tinubu’s Naira Miracle: Abracadabra or Economic Wizardry? | By Adeniyi Olowofela

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Prior to assuming the presidency of Nigeria, Asiwaju Bola Ahmed Tinubu garnered the confidence of the majority of Nigerians with the promise of rescuing the country’s economy from the impending disaster it faced.

For the past 43 years, the Naira has been steadily depreciating against the Dollar, as illustrated in Figure One.

The graphs below unequivocally depict the exponential rise of the Naira against the Dollar from 1979 to 2022. This sustained upward trend would have theoretically resulted in the Naira reaching 2,500 Naira to one Dollar by now.

 

 

This situation led some individuals to hoard dollars in anticipation of profiting from further devaluation of the Naira.

However, under President Bola Tinubu’s leadership, the Nigerian federal government successfully halted the expected decline of the Naira.

The Naira has appreciated to 1,200 Naira to a Dollar (Figure 2), contrary to the projected 2,500 Naira to one Dollar, based on the exponential pattern observed in Figure One.

This achievement demonstrates unprecedented economic prowess. If this trajectory continues, the Naira may appreciate to 500 Naira against 1 Dollar before the conclusion of President Bola Tinubu’s first term in 2027.

While the purchasing power of the average Nigerian remains relatively low, there is a palpable sense of hope on the rise.

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It is hoped that the Economic Team advising the President will continue their efforts to stabilize the economy and prevent its collapse until Nigeria achieves economic prosperity.

The government’s ability to reverse the Naira’s free fall within a year can be likened to a remarkable feat, reminiscent of a lizard falling from the top of an Iroko tree unscathed, then nodding its head in self-applause.

Mr. President, we applaud your efforts.

 

Prof. Adeniyi Olowofela, the Commissioner representing Oyo State at the Federal Character Commission (FCC), writes from Abuja.

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